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Teaching in the Isle of Man

Discussion in 'Welcome lounge and forum help' started by davidatcheson2810, May 2, 2019.

  1. davidatcheson2810

    davidatcheson2810 New commenter

    The Isle of Man government is currently running a recruitment campaign for many of its public service departments...including of course the Education of Department. In this campaign they highlight many of the advantages of living and working in the Isle of Man and reference in particular the tax regime in that jurisdiction. What they do not do however is talk about the DISADVANTAGES of that tax regime. Please take special note of the following. Anybody intending to take up a teaching post on the Isle of Man should know that all pensions generated by their service on the Isle of Man will be taxed in full (i.e. without tax free allowances) at the non-resident rate if they decide to retire anywhere outside the UK. In other words you will lose 20% of your pension UNLESS you continue to reside in Great Britain after retirement. This is especially relevant to teachers from the Republic of Ireland.
     

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